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a great challenge in front of us. there are so many of our asian american friends, iranian friends, friends from the philippines, friends from our japanese-american community, are chinese-american community, waiting for the opportunity to come together to celebrate our diversity, but also to signal to our european friends, our latino france, we are ready to help lead this state. and helped change the conversation and not only celebrate diversity, but use diversity for our strength. that is our strength. i want to signal to you, let's come together, let's use this opportunity to make sure we can celebrate our strength throughout the state. i also want to welcome carmen chu. thank you for joining us. we can really celebrate and we can bring this state for because i know -- he does not want to be alone in san francisco suggesting change. nobody wants to be alone. all of us can contribute to a more positive outlook on life. guess what -- when we look at where we came from, when we look at the parents that brought us here, the generations before us, we learned a great lesson. we learned
, so whether the u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out
security is imperative to the success of today's military. which, by the way, uses 93% of the energy that's used by the federal government, which is the largest user of energy in this country. as our current chairman of the joint chiefs of staff, general dempsey, has said, without improving our energy security we are not merely standing still as a nation, we are falling behind. let's be clear. energy security is national security. and our military leadership understands this. other countries, including some of our strongest competitors, also understand this and we ignore this fact at our own peril. i saw some of the innovations that the navy has adopted earlier this year when i chaired a hearing for the energy subcommittee on water and power down in norfolk aboard the uss kersarge. the purpose was to highlight the advancements the navy continues to make in harnessing renewable energy resources. up with of those resources i saw is homegrown -- homegrown biofuels. and the navy recently demonstrated the capability of advanced biofuels during massive exercise that featured a carrier strike gr
threatened to stop that, he used all his tools of public service to help him win the battle. here are a couple of those tools he had, neil armstrong, tom stafford, part of a bipartisan coalition to put the united states on a path to go into orbit. as a boy who grew up within a mile and a half of the johnson space center, i saw ralph hall make history, that my kids, your kids, can see americans go into space. one more slide. we've all talked about the children earlier this year, because you did that, my kid said, dad, let's jump out of a plane when i turn 18. thank you, mr. chairman, you made a difference in my life and a difference to so many people. mr. smith: i yield two minutes to the gentleman from florida, bill posey. mr. posey: thank you, mr. chairman. i appreciate the opportunity to join with me colleagues in recognizing chairman ralph hall for his tenure as chairman of the house science committee. during his service, he reached acrong the -- across the aisle and forged bipartisan coalitions to support important legislation and no program, in my view, has benefited more if
improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one g store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal iff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings, pointing to strong sales of its k cup coffee & tea packs. >>> apple reportedly fired the manar behind apple maps. iphone software has been widely
think they using taxpayer dollars to pay for the program is okay. you're in college, if you want to study pot smoking, walk around student housing. that's my two cents more. that's all for tonight's "willis report," thanks for joining us, have a great night. ♪ lou: we're now 34 days from slipping over the so-called fiscal cliff, and i have no sign of progress to report to you on the talks between president obama and the republican leaders trying to reach a deal to avoid the crisis. the number two man, durbin of illinois tad saying nothing should be left off the table in search of budget cuts, and new sources of revenue, the assistant majority leader allowing the changes in the president's signature legislative achievement should be on the table. that's right, obamacare. >> put everything on the table. repeat, put everything on the tail, not just taxes and revenue, but spending cuts and entitlement reform. the only perfect law i know was carried down a mountain by senator moses. lou: what should be positive words for republicans tempered by the fact that senator durbin has no st
with us. "the ed show" with ed shultz starts right now. >>> good evening, americans. welcome to "the ed show" from new york. president obama is set to launch an offensive to save 9 8% of americans from a republican tax increase. this is "the ed show." let's get to work. >> e we should not hold the middle class hostage wild we debate tax cuts for the wealthy. we should at least do what we agree on and that's to keep middle class taxes from going up. >> preserving tax cuts for the middle class. tonight chris van hollen and jan schakowsky and the latest on the fiscal cliff. >>> the meet iing with the president looks good for progressives. we'll get the scoop from james hoffa. >>> plus breaking news. republicans running the benghazi witch hunt remain disturbed and troubles. >> i'm more disturbed and significantly troubled. >> i'm more troubled. >> joan walsh on today's big meeting with susan rice. >>> and yesterday ricks rolled fox news. >> i think that the emphasis on benghazi has been extremely political because fox was operating as a wing of the republican party. >> today fox news strike
class taxes low, but will congress go along with higher taxes for the rich? plus, a long secret u.s. plan, get this, to explode an atomic bomb on the moon. what were they thinking? i'm wolf blitzer. you're in "the situation room." >>> today we may be at the tipping point for one of the most important decisions president obama needs to make as he begins his second term. on capitol hill republicans including moderate republicans are sending the president a clear warning, don't nominate susan rice to replace hillary clinton as secretary of state. rice is the current u.s. ambassador to the united nations. she spent a second day meeting with senators trying to explain some of her inaccurate comments she made after the september 11th terrorist attack on the u.s. consulate in benghazi, libya. cnn's senior congressional correspondent dana bash is joining us now from capitol hill with the very latest. what happened today, dana? >> reporter: wolf, it was one thing for susan rice to be criticized harshly yesterday by the three republicans she met with because they had been among her harshest c
, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a record powerball jackpot. >> lucky, lucky, lotto win. >> shepard: tonight a look at the actual odds of winning it all. but first from fox this tuesday night, three republican senators now say they cannot support the u.n.
before i'm out. so once i'm done with using all of the electric charge, it then flips over to be a regular gasoline engine. i don't have to worry about what is known as range anxiety, being afraid i'm going to run out of electricity and not be able to go because i always have gas in the tank. so quiet. the great thing is, got a three-prong plug, right. i have my extension cord that comes with the car. it's got a unique kind of plug. put it in. and you know that it's charging because in just a second, this light turns to green and it goes -- it is so easy. and fantastic! okay. so you might be asking how much does one of these fantastic planet-saving cars cost? well, so i lease my chevy volt at $475 a month. you see over there. plus i spend about $50 for the electricity extra. that's charging it at home. now we used to live in a house with solar panels. talk about cheap clean -- i'm trying to get inexpensive american made solar panels at our newhouse. when i figure that out i'll let you know. the overal
. again, thank you fog watching us tonight. i'm bill o'reilly. please always remember the spin stops here because we're definitely looking out for you. >> to my fellow americans, ask not what your country can do for you, ask what you can do for you're country. >> sean: that was then. but thanks to obama's entitlement society has jfk's iconic phrase decayed into "ask what your country can do for you." >> i'm more concerned now. >> ambassador susan rice descends on capitol hill to explain why she blamed the benghazi massacre on a youtube video. lieliz cheney has more as the benghazi cover-up unravels. and more states legalize marijuana. so is an increase in revenue really fueling this movement or is a cultural shift to blame? we'll debate it. and the protests in cairo, the white house refuses to condemn the egyptian president's dictator-like grab. all of that, and a "hannity" shootout with juan williams and more. "hannity" starts right now. tonight as the fiscal cliff drama unfolds on capitol hill, we'll take a step back and look at how we got to this point. namely, how do we become a natio
with his problems which was great that spin too much time trying to make money. >> a useful friends with him? >> i never said anything about him. >> as we go, you have an unusual hobby. you, something unusual. >> i have a collection of backers. also have a collection of airsickness bags. one thing i do ask people who come to the meeting, very helpful if you are traveling, you have an airsickness bag which the free present government afghanistan air sickness bag, so it is a great collection and somebody mentioned years ago in a profile starting in an e-mail, this is -- and odd quirky thing i did. >> what is the mood at the meeting going to be? >> people are very optimistic. people were disappointed because we didn't have the house senate president and then people thought we were going to get the president in the senate and stock didn't go up. we elected a house stronger than the last one. the president got elected to four years, lost two seat in the senate but would you rather have 60 or 15 or more than 40? more than 40, enough to filibuster, not enough to pass something which is whe
and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into default. we defaulted on many obligations to foreign creditors and to our own soldiers. >> brown: plus, every month, 1,000 young americans are infected with h.i.v., and most of those with the disease don't even know they have it. hari sreenivasan looks at a new report from the c.d.c. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: washington's struggle to avoid going
one problem, we get no credit. no greek bank can give us the credit. this is the thing in spain and italy, the credit crunch is one of the biggest problems. my proposal is to go away from austerity by gaining trust by overcoming the credit crunch. and i think at the end, by helping those countries who are nevertheless under the attack of speculator. in the case of italy -- i must admit this is not possible because you need unanimity. it makes no sense that mario monti in italy wants to get a reduction of about 70 billion euros an effect in the budget, three or 4 million a year to finance the separate debt. this is a direct transfer of taxpayers' money into the pockets of speculators. i think the obstacles for the free-trade agreement are enormous. especially on the european side, in my eyes is more ideological founded than it is an expression of an approach. we have some justified question concerning the climate change question. we must be clear, the chance for us to recover is to boost growth worldwide. countries like china or india, in the asian community, or even less in amer
back. >>> good to have you with us tonight, folks. thanks for watching. the white house is keeping republicans in a box. president obama is hitting the road to push the extension of tax cuts for income, for folks under $250,000 a year. the president will kick off his tour in southeastern pennsylvania on friday. today he met with small business owners at the white house and tomorrow he plans to meet with a group of middle-class families. republicans will be countering with their own events. house majority whip is holding a meeting with small business owners next week. the small business owners in the meeting with the president today were on top of the game, top of the issues understood the solution to the deficit plan. >> what grows jobs in america are consumers spending money. and the average person needs that $2,000 in his pocket to drive the economy. saying that tax breaks for the rich drive consumers lower down to spend is like saying you could start your car by pouring gasoline on the hood. there's no proof, there's no factual data to support it. it's completely a sham to say t
he slammed the very sitcom that's made him millions of dollars. senator dick durbin will join us, former governors tim pawlenty and christine todd whitman and recording superstar dionne warwick stops by. "starting point" begins right now. >>> good morning, welcome, everybody. our "starting point" this morning, turning two bucks and a dream into a fortune. maybe. millions of people across the country are hoping to hit tonight's $500 million powerball jackpot. it's the second largest in lottery history. nobody has won powerball since early october so they've rolled it over 16 consecutive times. the lottery official is calculating that there is just a 5% chance that no one will win tonight. if sale surges are expected, as they are. if you do win the cash value stands at $324 million. and the odds, unfortunately, of taking home the jackpot are really, really, really, really, really, really low. 175 million to one. alison kosik is monitoring powerball fever live in new york's times square for us this morning. good morning. >> good morning. you know the odds are pretty clinton but it's
. two guns used in the operation were found at the scene of the 2010 fatal shooting of border patrol asht brian perry. >>> bob dole is expected to be released from the hospital today. he was admitted to walter reed medical center yesterday for what is being described as a routine procedure. the 1996 republican presidential nominee and the 1996 republican vice presidential nominee has been hospitalized multiple times in recent years including for a leg infection in 2009. >>> fighting for rights for u.s. servicewomen to end the ban on women serving in direct combat position. there are no clear front lines and women often find themselves engaged in combat anyway. they say they are denied promotions because many leadership positions come with the combat jobs. >> the biggest security breech in all u.s. history is set to testify. bradley manning is expect to do claim he is being illegally punished after being locked up alone for nearly 9 months. man something the one who is accused of leaking thousands of classified documents to the web site wikileaks. if convicted he is 24 years old and h
on sale friday. larry shover of sfg alternatives joins us now for a closer look at today's trading market. good to have you on the show larry. always good to see your smile. a lot of reports were surfacing yesterday that harry reid actually moved the market because he said that talks had stalled out over the fiscal cliff. do you buy into that? > > perhaps. right now, the market seems to be shrugging its shoulders at every headline that comes in, because we are hearing so much. but what harry reid said was really a game- changer, about perhaps trying to curb filibusters. that would be a game-changer, and would put a lid on the stock market. > he could have that much power? unbelievable. all right, let's move on to our next question and talk about greece. for now it looks like greece will not go bankrupt. is that helping the stock market? > > i think it is, but i think it was priced into the stock market. i think the stock market realizes that greece's debt is unsustainable, so anything they can do to prolong that pain until the inevitable happens where there's debt forgiveness is a good th
it when she went on national television and said the death of a u.s. ambassador was a spontaneous reaction to an anti-muslim video, some trouble-making clown made out in california. ignoring john mccain and his ail argue evidence it was an organized act of terrorism. not so says the president. his u.n. ambassador and close friend simply told the truth as she was permitted to tell it, what the cia gave her to say and no more. for that he charges susan rice, in the words of the new york post, being fried. political fight fans on the tabloids relish this extreme combat what should be a good person's judgment? that's my question tonight. is susan rice now a surrogate for the president, someone to take the punishment when others above her pay grade should be answering the questions, or is she accountable for going on national television knowing she can't tell the whole truth because it's classified? let's begin with senator susan collins, republican of maine. i guess it's the toughest question in the world, senator, and that is, do you believe that susan rice, the u.n. ambassador, knowingly cov
the problem. >> david cay johnson, great to have you with us. that's "the ed show." "the rachel maddow show" starts right now. good evening, rachel. >> good evening, ed. thanks, man. thank you for staying with us for this hour. the acting director of the cia met for more than an hour with senators john mccain and lindsey graham along with the u.n. ambassador susan rice. the three senators emerged from the meeting saying they were honored by the fact that the cia director would meet with them, just three random senators and not in some official capacity testifying before committee on the hill. they appreciated the fact that the administration and the intelligence community was going to such lengths to e swaj their concerns to personally answer their questions about the libya attack in a closed-door meeting with the cia director himself, even though these are just three random senators. the senators said their questions were answered as reasonably could be expected and they were willing to consider the president's nominee for secretary of state. they were throwing hear out those nominations f
and heading into the new year. and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asking the wealthiest americans to pay a little more so we can invest in training, education, science, and research. now, i know some of this may sound familiar to you because we talked a lot about this during the campaign. this shouldn't be a surprise to anybody. this was a major debate in the presidential campaign and in congressional campaigns all across the country and a clear majority of americans, not just democrats but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy and doesn't hurt middle class families. and i'm glad to see, if you've been reading the papers lately, that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's
's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell. the futures suggest we're going be to be down nearly 40 points. of we have this fiscal cliff and it's a deadline, the tax increases and more huge spending cuts it seems like the two sides are on impasse it looks likes it's shifted to entitlement reform or cuts and no serious movements in the negotiations and check the big board, the opening trenddis down and we're looking for a 40 point loss when things get moving. i've always said that green mountain coffee, a great day trader's stock, huge volume in the past, and even more so today, after the company raised its forecast of how much money it's going to make in the future. look at that, nicole, was that 20%? >> oh, my goodness, what a day for green mountain coffee roasters and come out with numbers that beat on t
with us. have a great day, we'll see you tomorrow. ♪ it is time to wake up everybody. good morning, it is wednesday november 28th. i will gretchen carlson. guess what is happening on capitol hill? more questions than answers. after governor senators got face time with ambassador rice. who will give them the answers. two important people missing from this conversation. >> steve: brand new data. best and worst states for your money. exclusive results are still ahead on this program, mr. kilmeade. >> brian: is the reason you are single because you travel too much. love may be in the air. a new website helping you to find love in the airport. >> steve: stand by. >> brian: "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: finally something to do in the airport. >> brian: well, when you are delay if you are single. >> gretchen: i hate to bring it up so early in the morning there are a lot of jokes about hooking occupy airplanes. 92 this is the terminal and on the ground. >> gretchen: in the club. >> steve: it is different. if you ever spent time all by yourself in
1,000 u.s. workers in hamtramck michigan. although it is a green product it doesn't get any more red white and blue than that. thanks everybody for joining us here in "the war room." have a great night. we'll see you tomorrow. >> eliot: good evening. i'm eliot spitzer. this is "viewpoint." three weeks ago campaign season came to a conclusion. or so we thought. with the impending austerity bomb better known as the fiscal cliff, quickly approaching both sides seem to think of a way to push for the deal they want is to take their case to the american public. today, the white house announced the president will travel to a manufacturing facility in pennsylvania on friday for campaign-style event designed to boost public support for a package that includes tax rate increases for the wealthy. not to be outdone speaker boehner announced that house republicans would be making similar appearances across the country, going to small businesses to speak about the "threat to jobs posed by congressional democrats" small busi
or the u.s. virgin islands that play the game. this morning, ticket sales are through the roof. they're selling at an unbelievable 105,000 tickets per minute. but let's face it. most players will be losers. >> oh, no. don't put that on camera. >> reporter: abc's ryan owens spoke to smu math professor scott norris. >> professor, with so many people playing this time around, does that hurt my odds? >> your odds are the same no matter how many people play. >> reporter: how did the jackpot get so big? nobody has won it all since october 6th. that's 16-straight drawings. that has lottery officials saying there's about a 16% chance someone will hit it big tonight. >> winner. >> reporter: does anyone have an advantage? well, indiana has had 38 powerball winners. missouri, following with 26. the most tickets are sold in florida, which has seen four winners in just the past three years. advisers say winners should take a lump sum payment. and for a singer winner at this point, that would mean walking away with a cool $327 million before taxes. >>> the looming fiscal cliff is one reason you ma
closely. as bob showed us, the markets are moving on every bit of news. will there be a compromise to talk about that on capitol hill, senator john hovan, the former gove govern. we just talked about how markets, investsers and public are watching everything you guys are saying here. probably watching what you're saying right now. are you aware how closely they're watching and how sensitively they're acting and reacting? >> i think so. look, we need to get a bill deal. it is very important that we avert fiscal cliff and do it by not only getting pro-growth tax reform but entitlement reform and better spending control and get the kind of deal in the $4 trillion range that's going to provide certainty and get our economy going. because ultimately we need to get people back to work and it is that growing economy that's going to create the revenue that gets us out of the deficit. >> a $4 trillion deal would be your goal. i want to focus on maybe something that hasn't been talked about as much, and that's entitlement reform. and the big one here would be medicaid and especially medicare. if you
a bigger role. >>> plus, the u.n. ambassador to the u.s. susan rice, admits the talking points she used after the benghazi attack were wrong. republicans call her answers troubling. >>> and a former mayor spent her life taking on thugs in her town. her fight and her life tonight are now over. let's go out front. >>> good evening, everyone. i'm erin burnett "outfront" tonight, where in the world is president obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. >> well, now, as far as top democrats are concerned, things haven't been going so well since that november 16th kumbaya meeting at the white house. >> we had a meeting, it went very well. the problem was that was before thanksgiving after the e
to the powerball game. what can you tell us about that? >> reporter: it seems the lottery commission doubled the price of a powerball ticket from $1 to $2 in hopes of generating more revenue, but something interesting happened, sales initially went down and then they got a pop and went back up. sales really increased because people started talking about it. all that buzz happened, that jackpot grew and grew over the months, the jackpots for the powerball. in the end it increased sales and that generates revenue for states because, of course, you have to pay taxes on any of your winnings. so with the lot he commission increasing the price was generate revenue. they did and wow they will with this jackpot of $500 million. >> alison, did you buy a ticket? >> reporter: oh, no, i have no problem admitting it. i will go ahead and buy a few tickets of my own. >> good luck to you. thank you. we'll talk to you soon. >>> the other big story this morning, if at once you don't succeed, try, try again. susan rice, the u.n. ambassador returns for a second round of meeting with republican senators. rice fa
and renaming it the austerity crisis or bomb. that's it. according to the u.s. news and world report, give the cliff another name, and that would change the entire impact on its problems. the reality, though, is this. you'll pay higher taxes in all likelihood. consider these numbers from the tax policy center. middle class earners, folks with an income of $64,000, their rate increased 3 #.8% or $2,000. upper middle class folks, $108,000 in income, family of four maybe, two people working, your rate is 4.2% or $3500. if you make more than half a million, watch for a more than 5 #% hike in taxes or $15,000 tax increase. in rich land, earners of more than $2.5, an 8% increase in the rate, and this is how much more you pay. this is what they call fair and equal, dividing all the responsibility. i don't know, that's not what it looks like to me. the mainstream media says, forget it, it's not important. take whatever income you have, move the bonuses to calendar 2012, sell stock losers next year, and if you are gifting money to the kids arian grand kids, do it this year when taxes will be far lo
by storm. struggling to get the fiscal cliff deal done. joining us, senior vice president of washington research, thank you for joining us. >> thank you. melissa: what do you read of the bits coming out, how do you think it is going the closer we are to reaching a deal. >> we are still weeks away from a deal. we will get something before christmas, but look at the thursday, friday, saturday before christmas. you look at the public statement, digested a little bit and kind of figure out what is going on behind the scenes. there have been talks going on behind the scenes, just don't thinthink they have all been as productive as we would like them to be yet. the real negotiating just beginning to pick up now. melissa: it seems like they're looking under every rock for more revenue. we were hearing about federal gas tax, talking but obviously raising taxes on anyone who makes more than $250,000 but you don't hear anything serious about cutting spending or entitlement or anything. >> i think the white house thinks we are in a better place than they were a year and a half ago so they're stayi
, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff. since the republicans want spending cuts included. >> republicans are willing to put revenue on the table. but it's time for the president and democrats to get serious about the spending problem that our country has. >> the president's move came one day after two other big developments, suggesting democrats want tax hikes on the rich now, with the promise of cuts to programs like medicare later. on tuesday, senator dick durbin flatly declared entitlement reform should not be on the table. yesterday, top white house officials also met with leading liberal groups, from labor unions to moveon.org. with one attendee telling the "washington post" they expect the taxes to go up on the wealthy and to protect medicare and m
. >>> then coming up at 8:00 eastern time, we'll be joined by weren buffett. he'll be joining us with carol lumis. let's get over to andrew, he has this morning's other top headlines. >> good morning to you, becky. the obama administration saying that china's currency remains significantly undervalued, but the u.s. treasury department is now stopping short of labeling the world's second biggest economy a currency manipulator. the white house is expected now to send the congress a multi-billion-dollar request on the recovery from superstorm sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street journal" reporting that virtue is emerging as the frontrunner to buy knight capital
. richard besser tells us exactly what they found. >> reporter: you don't know its name, but you may be one of the 100,000 americans who get sick each year from a bacteria. and the study explains why. consumer reports tested pork, the type you buy in the supermarket. pork chops, ground pork. they found that 70% of the samples they tested hat yersinia on them. ground pork turned out to be more risky than pork chops. >> this should be a wake-up call to the american public. what are we doing in terms of monitoring the safety of pork and what can we do in the future. >> reporter: this bacteria can hit hard. in a matter of days you experience fever, cramps, bloody diarrhea that may last for weeks, especially common in children. cooking the pork thoroughly does kill the backterbacteria, but b ulf. it's easy to spread it to the surfaces of your kitchen. the plate, the cutting board, your hand. anything the raw pork touched. take a look at this kitchen where we handled meat. all of the dots, germs. the pork producers council questioned the quality and methods used by consumer report. u.s. departmen
>> there's a word -- >> it's a canal. i don't know. big long one you can do. >> we managed to use it all of the way to the end. >> we're done. >> thank you for joining us today. join us tomorrow. right now it's time for "squawk on the street." >>> good morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, jim cramer and david faber live from the new york stock exchange. let's look at our how we're setting up on futures here. a rocky ride in yesterday's session as comments from harry reid and mitch mcconnell sent stocks to session lows. this morning we look to open to the downside. implied open down 25. s&p looking to lose five. beige book home sales ahead. as for picture in europe, a bailout for four spanish banks getting approval from the eu. still stocks are down. italy down by almost one full percentage point. road map for the morning starts off with the fiscal cliff. the president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. >> costco joins the dividend parting init
funded by cbs confidence is slowly starting to fade away and major is with us >>> major garret is with us in the studio. what's happening? >> americans might say, look, it feels like time is running out. they would be correct. nal republicwhite house and ote mostional republicans say they'll devote most if not all of this week, and things are slowing down and we're looking at a potential fiscal cliff stalemate. >> desmight republicans to put higher tax revenue from the wealthy on the table, democrats are scoffing. he they talked happy talk about are skofg.t we only have a auple of weeks to get something ouple of we have to get away from the happy talk and start talking aout specific things. dent obama hasbama has no new witht talks scheduled with congressional leaders but will cong phila suburban philadelphia aiday to press for an immediate bushto extend bush era tax cuts for m ers.blicans call that agningless electioneering. >> we congratulate him on his re-election. we don't know if he has enough todership qualities to push democrats. >> cost savings to health care aregrams like medicar
guns so now he's mobilizing his base to try to get this done. >> and let us hear him mobilize that base. the president speaking at the white house. >> thank you so much. thank you, everybody. please have a seat. thank you. thank you very much. everybody, please have a seat. except you guys. don't sit down. well, good morning, everybody. >> good morning. >> you know, there's been a lot of talk here in washington about the deadlines we're facing on taxes and deficits. these deadlines are going to be coming up very soon in the coming weeks. but today's important because i want to make sure everybody understands this debate is not just about numbers. it's a set of major decisions that are going to affect millions of families all across this country in very significant ways. and their voices, the voices of the american people, have to be part of this debate. and so i asked some friends of mine here to join me, some folks from here in the area. our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be go
. >> brian: i blame your people. the legal people. the legal people of this world fears to use taxpayer money to defend the right to show the cross. that has everybody cave. in this town of 1350 people say all right, we'll take it off. too expense i to fight. we need people to donate their legalese in there or send money to get a hometown lawyer to take them on. >> bob: i'm a christian. and to indict all liberals saying all liberals are response seasonable ridiculous. democrat is what you are here to defend. >> bob: christmas tree sales, it ought to be a christmas tree. that is what it is. if you want a minorra , put it up against to the tree and light it. >> kimberly: why do they do it, bob? >> bob: buhler there is a distinction. this is a city that takes federal, state and local monies. and when you have a cross on your -- despite the history of it. menonites were persecuted and it goes there,be that draws the line between church and state. >> eric: freedom from religion picks out different municipalities. last year there is one in texas outside of waco where they wanted them to remove mang
welch, democrat from vermont. thank you for joining us. >> thank you. >> eliot: what should the deal look like? all of the chatter, smoke and mirrors, what is the deal you would like to see? >> well, first of all, i do believe the middle class has a stake and a good, solid balanced, deficit reduction plan. the plan should be what the president campaigned on, namely balance. that means we've got to have a substantial contribution from revenues. the revenues have to come from the folks who have been making good money during the recession. that's folks over $250,000 or some number close to. that the pentagon's got to make a contribution and if there is anything on healthcare, it's gotta be about reforming it, bringing the costs down, not cutting benefits. >> eliot: let's drill down a couple of pieces of this. what do you think the underlying ratio should be between cost cutting and revenue generation. last summer it was 10 to 1 in terms of cutting costs to revenue. thankfully the deal didn't get done. shoul
will prefer anyway. that is a big pot of money he can use for whatever he wants. they are still not going to be a deal. baker, democrats saying there is no problem with social security, even though the piece in the "wall street journal" today said they are $20 trillion in the hole. they said they are $40 trillion in the hole. how can democrats argue that with a straight face. i know that stuff inside and out. most of those shortfalls are in the 22nd century. we don't have a big problem with those programs. in fact most of the story is health care. the budget office may adjust their projections and the story disappears. i know people like to run aaround with that but it doesn't make sense. >> what me worry scenario. medicare no problem. medicaid no problem. i don't know, one trillion deficit no problem. >> markets are falli ining dean. take a look. i don't understand this. attitude. i'm not hearing it from the president. no, first of all, interest rates are low because we have had a weak economy. as far as the debt goes, listen to dean, i'm sure that he believes that the only real problem
's lead role in the attack on the u.s. consulate in benghazi that cost the lives of ambassador chris stevens and three others and she did so knowing it was true. well, the man who defeated mccain in the 2008 presidential campaign takes this as a personal shot at him. how will he respond? will he name ambassador rice his new secretary of state to replace hillary clinton? will he meet mccain's challenge head on and send rice up to the capitol to go face-to-face with the enemy? tonight we study the battlefield and the firepower of the two sides in this year-ending fire fight. mccain sure wants this fight, but do his fellow republicans? do they want an older white guy taking on the competence of a young woman of color, a rhodes scholar of solid reputation? most important, what end does the president want for this match of fact and wits? i'm joined by michael o'hanlon of the brookings institution and jonathan landay. the intelligence reporter for mcclatchy newspapers. michael, thank you for this. i want to get to the facts. am i right, is the main charge here coming from mccain and the ot
-cabrera. >>> welcome to "the closing bell." i'm michelle caruso-cabrera. scott will join us in a second. maria is back tomorrow. a reversal of fortune on wall street as stocks trade on fiscal cliff comments from president obama and john boehner. here's how we finished the day on wall street, near the highs. up 105 points. 12,983. we'll have technicians looking at this day, seeing if it's a key reversal. the s&p also in positive territory. market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time soon? according to ryan dieterich, rally could most definitely be headed our way. >> he joins us now to explain along with peter anderson from congress asset management company. bill mcvail from turner investment partners and our very own rick santelli. peter, i have to begin with you. with a name like congress asset management, is congress going to come through for your assets? >> well, i wish i had an inside scoop on that, but unfortunately, we're also left to speculate at this point. but i
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